I'm re-reading it. It is still as insightful as I read it several years ago. I just wonder if PG is willing to add/remove/change it, considering his rich experience through YCombinator.
31 karma · joined September 4, 2010
One possible explanation: 1) Statistically, most engineers work for big companies. 2) By human nature, people tend to stick to their current jobs, most likely a big company job.
Here is a related thread at Quora: http://www.quora.com/If-I-want-to-be-an-entrepreneur-later-s...
Both supply and demand would be much higher on real public market, and demand would be much bigger than supply. Meaning: ipo price would be much higher than current secondary market price.